Alternatives to Yodlee

Tink

🇸🇪 Sweden

Daniel Kjellén and Fredrik Hedberg didn't set out to build infrastructure. Tink started in Stockholm in 2012 as a consumer personal finance app — an attempt to give Swedish bank customers a cleaner view of their money across multiple accounts. It was a reasonable idea that ran into an unreasonable obstacle: getting reliable, consistent data out of European banks was extraordinarily hard. The technical problem turned out to be more interesting than the consumer product. In 2018 they pivoted, shifted focus entirely to the B2B layer, and started selling the very infrastructure they'd been forced to build for themselves. That pivot proved prescient. The EU's PSD2 directive, which came into full effect in 2019, legally required banks to open their data to authorised third parties — creating the regulatory foundation that open banking platforms needed to operate at scale. Tink had spent years building exactly those bank connections. When the regulation arrived, the company was ready. The platform Kjellén and Hedberg built connects to more than 3,400 banks and financial institutions across Europe, reaching over 250 million bank customers. Through a single API integration, banks, fintechs, and merchants can access aggregated account data, initiate payments directly from customer bank accounts, verify account ownership, and enrich transaction data — without maintaining their own connections to hundreds of separate banking systems with different technical standards and update schedules. Clients include Klarna, PayPal, NatWest, ABN AMRO, and BNP Paribas Fortis. In March 2022, Visa completed the acquisition of Tink for €1.8 billion — one of the largest European fintech acquisitions of that year, and a clear signal of how seriously the global payments industry had come to take open banking infrastructure. Visa's strategic rationale was straightforward: it had failed to acquire Plaid, the US equivalent, after an antitrust challenge, and needed a European open banking capability. Tink gave it 500 employees, 18 European markets, and relationships with over 300 banks and fintechs built over a decade. The founders stayed on as CEO and CTO through the transition, continuing to run Tink as a standalone Visa subsidiary from Stockholm. Both departed in 2025 — Kjellén and Hedberg announced they were building Freda, a new AI-driven legal and compliance technology startup, with the pair describing Tink as "now in better hands than ever." Francois Tornier, Visa's VP of Open Banking, took over as CEO. The product roadmap has continued under Visa ownership, including a 2024 expansion of Tink's open banking platform into the US market.

Founded 2012

Kontomatik

🇵🇱 Poland

Kontomatik provides open banking data and credit decisioning tools.

Founded 2009

Nexi

🇮🇹 Italy

Nexi is Italy's largest payment services operator, controlling the infrastructure that moves money across the country's retail and corporate sectors. Founded in 2013 through a merger of two major Italian payment processors, it manages card transactions, merchant acquiring, and digital payment rails for banks, retailers, and businesses across Europe. The company operates across the full payments stack—from traditional POS terminals and card networks to modern API-based solutions and instant payment systems. Unlike most fintech startups, Nexi doesn't target consumers directly. Instead, it powers the payment backbone for Italian and European financial institutions and retailers, processing tens of billions in transactions annually. Its business model sits at the intersection of traditional payment infrastructure and modern open banking, positioning it as a critical node in Europe's shift toward real-time payments and embedded finance. Nexi's role is unglamorous but essential: it's the plumbing that makes modern commerce work, handling everything from contactless cards to mobile wallets to cross-border transfers. In the broader European fintech landscape, it represents the "boring" but profitable core—the infrastructure layer that fintechs themselves depend on to function.

Founded 2013

Yapily

🇬🇧 United Kingdom

Yapily sits at the intersection of open banking and embedded finance, building the plumbing that lets fintech companies and enterprises tap into banking data and payments without reinventing the wheel. Founded in 2016, the London-based company operates as an API infrastructure layer—connecting to banks across Europe and beyond to unlock account information, payment initiation, and consent management at scale. What makes Yapily different is how it abstracts away the complexity of working with hundreds of banks and their inconsistent technical standards. Rather than forcing developers to build individual integrations for each bank's API, Yapily provides a unified interface that normalizes everything. It's the translator between your app and the messy reality of legacy banking infrastructure. The company operates in the B2B2C space, partnering with fintechs, neobanks, and enterprise software providers who need banking connectivity but lack the resources to build it themselves. Their customer base spans lending platforms, wealth apps, accounting software, and payment orchestration layers—essentially anyone whose product benefits from real-time access to customer bank accounts or the ability to initiate payments. Yapily's positioning is deliberately unsexy: they're infrastructure, not consumer-facing. But that's precisely the point. In a landscape crowded with consumer fintechs chasing headlines, Yapily has built a quiet, profitable business serving the builders themselves. They're to open banking what Stripe is to payments—the backbone that lets innovation happen faster.

Founded 2016

Belvo

🇪🇸 Spain

Belvo is a fintech infrastructure company that lets developers tap into Latin American banking data without building a single integration. The platform connects to thousands of banks and financial institutions across Mexico, Brazil, Colombia, and Peru, unlocking account balances, transaction histories, and identity information through a single API. Rather than forcing developers to chase down fragmented banking systems, Belvo standardizes chaotic regional financial infrastructure into clean, predictable data flows. Its core insight is simple: Latin American fintech is drowning in bank connectivity work when it should be building products. Belvo solves that. The platform serves fintechs, neobanks, and traditional financial institutions looking to modernize lending decisions, open banking integrations, and embedded finance experiences. Think of it as the connective tissue between fractured regional banking systems and the apps that need to run on top of them. By abstracting away the complexity of working with hundreds of different bank APIs and connection methods, Belvo has become the standard for financial data aggregation in a region where banking infrastructure is anything but standardized. It's the kind of boring-but-essential infrastructure that powers smarter lending, faster onboarding, and new financial products across Latin America.

Founded 2019

Swan

🇫🇷 France

Swan is reshaping how European businesses handle payments by offering a modern, developer-friendly infrastructure layer that sits between companies and the complexity of traditional banking rails. Rather than forcing startups and established firms to navigate fragmented payment ecosystems, Swan bundles together payment processing, banking APIs, and compliance tooling into a single, coherent platform. The company targets mid-market and enterprise customers—think e-commerce platforms, SaaS businesses, and financial services—who need to embed payments into their core operations without hiring a dedicated payments team. Swan's core strength lies in its ability to strip away legacy banking friction: it handles card processing, instant payments, payouts, and cross-border transfers through a unified API, while managing the regulatory headaches that usually consume engineering bandwidth. In a European landscape crowded with payment gateways and banking APIs, Swan distinguishes itself through developer experience and architectural clarity. Where competitors often bolt together disparate services, Swan presents a genuinely integrated stack—one codebase, one dashboard, one billing model. The company serves as both a payments operator and a bridge to traditional banking, making it particularly valuable for businesses scaling beyond their first million transactions. Swan represents a broader maturation in European fintech infrastructure: the shift from "we'll process your payments" to "we'll become your payments backbone," enabling a generation of companies to focus on their core product rather than payment plumbing.

Founded 2019

Fenergo

🇮🇪 Ireland

Compliance has long been the unglamorous backroom operation of financial services—heavy, expensive, and often painfully slow. Fenergo flips that script by turning regulatory friction into operational advantage. The Dublin-based software company automates the gruelling work of onboarding clients, managing their data, and staying compliant with an ever-shifting maze of regulations. What banks and investment firms once treated as a cost center, Fenergo repositions as competitive edge. At its core, Fenergo is a digital client lifecycle management platform. It consolidates onboarding, KYC, AML screening, sanctions checks, and ongoing regulatory monitoring into a single, integrated workflow. Rather than legacy institutions juggling multiple point solutions and manual spreadsheet cultures, Fenergo orchestrates the entire client journey—from first interaction through renewal—in a single intelligent system. The software ingests regulatory data, flags anomalies, and automates approvals where rules allow, freeing compliance teams to focus on judgment calls that actually require human expertise. What sets Fenergo apart in a crowded RegTech space is its disciplined focus on the regulated financial institution as customer, not the consumer. While plenty of fintechs chase sexy consumer-facing applications, Fenergo has built deep, sticky relationships with banks, asset managers, and brokers who need sophisticated, audit-proof compliance infrastructure. It operates at institutional scale—handling millions of client records, complex entity hierarchies, and regulatory jurisdictions spanning continents. In an era when regulatory fines have become nine-figure line items and reputational damage from compliance failures can tank a bank's stock price, Fenergo sits at the nerve center of institutional risk management. It's not the flashy side of fintech, but it's arguably the most essential.

Founded 2008

Evervault

🇮🇪 Ireland

Evervault is a European cryptography company that lets developers encrypt sensitive data in transit and at rest without rearchitecting their systems. Rather than forcing teams to build custom encryption pipelines or rely on legacy HSM infrastructure, Evervault provides APIs and SDKs that integrate directly into applications—turning what was once a compliance headache into a developer experience problem. The company operates at the infrastructure layer, sitting between your database and your users. It handles encryption orchestration, tokenization, and secure computation without requiring you to manage keys or understand the underlying cryptography. This means your data stays encrypted in your own cloud account, your keys stay with you, and third-party vendors never see plaintext information. In a European market where data residency and privacy regulations have teeth, Evervault solves a real problem: companies need to protect customer data but can't afford to rebuild their entire tech stack. The platform works with existing databases, APIs, and infrastructure, making compliance less of an engineering ordeal. Evervault positions itself as the encryption layer for modern applications—not a database replacement, not a VPN, but the plumbing that makes data protection feel native to your code. It's particularly relevant for fintech companies handling payment cards, personal identifiers, and healthcare records across distributed systems. The company is helping reshape how European companies think about security: not as an afterthought, but as architecture.

Founded 2020

TrueLayer

🇬🇧 United Kingdom

TrueLayer is a payments and open banking infrastructure platform that lets fintech companies, payment processors, and traditional banks access real-time financial data and initiate payments directly from consumer bank accounts across Europe. Rather than building APIs from scratch or waiting months for bank integrations, developers plug into TrueLayer's unified network and immediately get access to payment initiation, account aggregation, and transaction data from thousands of financial institutions. The company operates as a critical middleware layer in European fintech. While most payment infrastructure still relies on cards or legacy rails, TrueLayer routes transactions through bank-grade open banking rails, making transfers faster, cheaper, and less friction-heavy. Its API-first approach means a startup launching in five countries gets the same clean integration experience as an enterprise player. In the competitive open banking space, TrueLayer stands out through breadth of coverage and developer experience. The platform supports payments in 17+ European countries and has built integrations with hundreds of banks—not through partnerships alone, but through technical depth in handling regional quirks and regulatory complexity. Its customer base spans neobanks like Wise and Revolut, major payment processors, and traditional banks replatforming their operations. TrueLayer essentially democratized access to Europe's banking infrastructure at a moment when open banking regulations made that access possible but still technically demanding. For any fintech building on the continent, it's become a foundational piece of modern payment architecture.

Founded 2016

Token

🇬🇧 United Kingdom

Token is a London-based open banking platform that sits at the intersection of infrastructure and consumer experience, making API-driven financial connectivity feel less like plumbing and more like a natural part of how money moves. Rather than asking users to log into their banks manually or hand over passwords, Token handles account aggregation and payment initiation through direct bank connections—the infrastructure most fintech apps and traditional banks should have built themselves but didn't. The company's core insight is that open banking is only useful if it actually works across borders, across device types, and across the chaos of fragmented financial systems. Token's platform standardizes this mess, letting fintechs, banks, and payment companies offer seamless experiences without getting bogged down in regional variations or legacy bank APIs that still feel like they were written in 2003. What sets Token apart in the European market is its focus on developer experience without sacrificing enterprise-grade security and compliance. While competitors offer raw API access or clunky consent flows, Token treats the entire interaction—from user authentication to transaction confirmation—as a product problem, not just a technical one. They're essentially the connective tissue that lets modern financial products actually work at scale. Token's role in fintech infrastructure means it powers an invisible layer: the moment you authorize a payment or link an account in an app that "just works," Token's orchestration is likely running underneath. That's the kind of foundational utility the ecosystem desperately needs.

Founded 2014

Inxy

🇵🇱 Poland

Inxy is a European open banking platform that lets businesses tap into customer financial data through APIs, turning fragmented banking relationships into a single source of truth. Rather than asking customers to manually upload statements or reconnect accounts every few months, Inxy maintains a live, permission-based link to real bank data—making it effortless for fintechs, lenders, and SaaS platforms to build smarter underwriting, risk assessment, and financial insights on top of their core products. The platform sits squarely in the infrastructure layer, designed for teams building financial experiences rather than consumers managing their own money. What sets Inxy apart in a crowded open banking space is its focus on simplicity and reliability. While competitors often require technical gymnastics or lengthy integrations, Inxy's API is direct and frictionless. It handles the complexity of PSD2 compliance, account connectivity, and data standardization behind the scenes. The result: lenders can make faster, more informed decisions; embedded finance platforms can offer instant credit lines; accounting tools can automatically reconcile transactions. Inxy is fundamentally changing how financial data moves between banks and the applications that need it most, making it an essential building block for modern European fintech.

Founded 2020

Enable Banking

🇫🇮 Finland

Enable Banking is an open banking infrastructure platform that simplifies how financial institutions and fintech companies connect to bank APIs across Europe. Rather than building custom integrations for dozens of different banking networks, companies tap into Enable Banking's unified layer—a single API that handles the complexity of connecting to thousands of European banks with varying technical standards and regulatory requirements. The platform abstracts away the fragmentation that has made open banking adoption slower than it should be. While PSD2 and other regulations opened up bank data and payments, the actual implementation remains messy: each bank interprets the standards differently, each has its own API quirks, and each requires separate integration work. Enable Banking eliminates that friction. Their core value sits in the infrastructure layer—they're infrastructure for infrastructure. Fintechs use it to access account data, initiate payments, and verify customer identity across European banks without maintaining individual relationships with each one. Banks use it to expose their APIs in a standardized way without rebuilding their legacy systems. In a market where most open banking plays focus on consumer-facing applications, Enable Banking takes the plumbing approach. They're to open banking what Stripe is to payments: making the invisible layers work so others can build on top of them. This positions them as a critical enabler for the entire European fintech ecosystem rather than a consumer-facing application.

Founded 2018